Tuesday, September 21, 2010

Evil Bastards Refuse to Insure Burning House!!

This is simply too dumb to merit comment. OF COURSE health insurers will stop writing individual policies for a group if they're required to write such policies for applicants with pre-existing conditions. That wouldn't, after all, be insurance. Insurance requires the pooling of risk, with premiums based on the actuarially determined amount necessary to cover the actual claims of those in the pool. The proper premium for a pool consisting entirely of burning houses is 100% of the insured value.

Any other arrangement involves taking money from one person and giving it to another because it's been decided that he needs it more. Personally, I think I need my neighbor's truck much more than he needs it.

When I do that, it's called Grand Theft-Auto. When the Government does it, it's called Health Care Reform.

It would be more efficient and much fairer if we who are paying for our health insurance cut out the middle man. Eliminate health insurance companies and instead of paying my premium to them we pay it to the Health Insurance Administration, much as you do your SS and Medicare contributions.